Norwood Financial Corp. (NASDAQ:NWFL) Short Interest Down 26.3% in December

Norwood Financial Corp. (NASDAQ:NWFL - Get Free Report) was the target of a large decrease in short interest in the month of December. As of December 15th, there was short interest totalling 33,400 shares, a decrease of 26.3% from the November 30th total of 45,300 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average daily volume of 11,900 shares, the days-to-cover ratio is currently 2.8 days.

Insider Buying and Selling

In other Norwood Financial news, Director Ronald R. Schmalzle purchased 7,692 shares of Norwood Financial stock in a transaction on Thursday, December 19th. The stock was bought at an average price of $26.00 per share, for a total transaction of $199,992.00. Following the transaction, the director now owns 15,510 shares of the company's stock, valued at $403,260. The trade was a 98.39 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 9.10% of the company's stock.

Institutional Investors Weigh In On Norwood Financial

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Signature Estate & Investment Advisors LLC acquired a new position in shares of Norwood Financial in the 3rd quarter worth approximately $200,000. Barclays PLC grew its position in Norwood Financial by 280.5% in the third quarter. Barclays PLC now owns 9,787 shares of the financial services provider's stock worth $270,000 after buying an additional 7,215 shares during the last quarter. JPMorgan Chase & Co. grew its position in Norwood Financial by 250.5% in the third quarter. JPMorgan Chase & Co. now owns 13,922 shares of the financial services provider's stock worth $384,000 after buying an additional 9,950 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Norwood Financial by 3.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 20,537 shares of the financial services provider's stock valued at $566,000 after buying an additional 600 shares in the last quarter. Finally, Code Waechter LLC acquired a new stake in shares of Norwood Financial during the 3rd quarter valued at $815,000. Institutional investors own 28.08% of the company's stock.

Norwood Financial Price Performance

NWFL stock traded down $0.02 during trading on Friday, hitting $26.75. The company had a trading volume of 14,544 shares, compared to its average volume of 11,317. The firm has a market capitalization of $216.46 million, a price-to-earnings ratio of 16.82 and a beta of 0.61. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.74. The business has a 50 day moving average of $29.56 and a 200 day moving average of $27.66. Norwood Financial has a fifty-two week low of $23.50 and a fifty-two week high of $34.50.

Norwood Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Wednesday, January 15th will be issued a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, January 15th. This is a boost from Norwood Financial's previous quarterly dividend of $0.30. This represents a $1.24 annualized dividend and a dividend yield of 4.64%. Norwood Financial's dividend payout ratio (DPR) is 77.99%.

About Norwood Financial

Norwood Financial Corp. operates as the bank holding company for Wayne Bank that provides various banking products and services. The company accepts a range of deposit products, including interest-bearing and non-interest-bearing transaction accounts, and statement savings and money market accounts, as well as certificate of deposits.